Record of Over 7.28 crore ITRs filed for AY 2024-25 till 31st July, 2024

Last updated: 02 August 2024

Quick Summary
A new record has been set for Income Tax Return (ITR) filings for Assessment Year 2024-25, with over 7.28 crore returns submitted by the deadline of 31st July 2024. This represents a 7.5% increase compared to the previous year. Notably, a significant majority of taxpayers, approximately 72%, have opted for the New Tax Regime, with 5.27 crore returns filed under it. The final day for filing saw a surge, with nearly 70 lakh ITRs submitted on July 31st alone, indicating a successful and timely compliance by taxpayers and tax professionals.

5.27 crore ITRs filed in New Tax Regime for AY 2024-25Over 69.92 lakh ITRs filed on a single day on 31st July, 202458.57 lakh first time filers of ITRs till 31.07.2024 The taxpayers and tax professionals made their compliances in time, leading to a surge in filing of Income-tax Returns (ITRs), whic
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FAQ :

More than 7.28 crore ITRs were filed for AY 2024-25 by 31st July 2024.

The New Tax Regime was more popular, with 5.27 crore ITRs filed under it, compared to 2.01 crore in the Old Tax Regime. This means about 72% of taxpayers opted for the New Tax Regime.

On 31st July 2024, over 69.92 lakh ITRs were filed, which was the peak filing day.

There were 58.57 lakh first-time ITR filers by 31st July 2024.

There was a 7.5% increase in ITR filings compared to AY 2023-24, which saw 6.77 crore returns filed by 31st July 2023.

As of 31st July 2024, more than 2.69 crore ITRs for AY 2024-2025 have been processed.



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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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